SAVINGS ACCOUNTS

At HDFC Bank, we offer you 2 options for Savings Accounts. Take a look

Non Resident External Savings Account (NRE) Purpose

Non Resident Ordinary Savings Account (NRO)

Meant for foreign exchange earned outside India and transferred to India.

Meant to keep the money you earn or acquire in India before and after becoming an NRI.

Currency
Indian Rupees Indian Rupees

Minimum account opening amount

INR 10,000 (Urban) INR 5,000 (Semi-Urban) INR 10,000 (Urban) INR 5,000 (SemiUrban)

Interest Rate
4% p.a. 4% p.a.

Repatriation
RBI allows repatriation only up to one million USD per financial year for bonafide purposes (e.g. education, medical expenses etc)

The Principal and interest earned are fully repatriable

Taxation
Interest earned is exempt from tax (i.e. tax- free) Interest is taxable under Indian income tax

Joint Account
This account can be held jointly with other non-resident This account can be

Indian(s).

held jointly with resident or non-resident Indian(s).

Mandate holders
An Indian resident can be authorized to operate the account and provided with an ATM card for the account
NRE Current Account NRO Current Account

Purpose
Ideal for foreign nationals who have ESOPs issued by Indian companies Ideal for foreign corporate bodies and foreign nationals on visitors visa to India

An Indian resident can be authorized to operate the account and provided with an ATM card for the account

Currency
Indian Rupee Indian Rupee

Minimum account opening amount and Average Quarterly Balance requirement

Minimum account opening = Rs. 25,000 Average Quarterly Balance = Rs. 25000 Minimum account opening = Rs. 25,000 Average Quarterly Balance = Rs. 25000

Holding
Cannot be opened jointly with an NonResident Indian(s). Can be opened jointly with an Resident or Non-Resident Indian(s).

Mandate holder
An Indian resident can be authorised to operate the account and provided with an ATM card for the account An Indian resident can be authorised to operate the account and provided with an ATM card for the account

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Repatriation

Principal and interest are fully repatriable

You can repatriate up to USD 1 million, for bonafide purposes, subject to payment of applicable taxes

International Debit Card

Get an International Debit Card You dont get a International Debit Card but you do get an ATM Card

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At HDFC Bank, we make it easier for you to reach us from across the world. Keeping in mind the global reach of our esteemed NRI customers like you, our PO Box facility is available for you in USA

t HDFC Bank, we offer you 4 options for Fixed Deposits. Take a look. NRO Tax NRO Super NRE NRE Fixed Sweep-In Saver Fixed Saver Recurring Deposit Account Fixed Deposit Account Deposit Deposit Purpose
Takes care of deficit in your NRI Saving s/ Current Accou nt by linking without losing out on interest It is an alternativ e to SIP and appeals to account holders who would want to save regularly.

Safe and secure growth for your funds with full repatriatio n

Long term investme nt with high rate of interest

Dual advantag e of liquidity of Savings Account and high interest rates of Deposits

Opportunit y to diversify your investment s and save on tax

Minimum amount and add-on deposit

INR 25,000 INR 25,000

INR 25,000 INR 25,000

Add-on in the multiples of INR 25,000

NA

INR 100 and in multiples of 100

An investmen t as small as Rs 500 (and in multiples of Rs 100 there after) or as large as Rs 14,99,900 /- per month

Rate of interest
Click here for current NRE Fixed Deposits Interest Rates. Click here for current NRO Fixed Deposits Interest Rates As per prevailing 5 yr deposit rates.Click here for NRO Deposits rates. Click here for NRE Recurring Deposits rates.

NA

NA

Repatriation
Full amount (principal and interest) Interest only Interest only Full amount (principal and interest)

NA

NA

Overdraft facility
90% of the Deposit or Rs 1 Crore, whichever lower 90% of the Deposit or Rs 1 Crore, whicheve r lower Upto * 90% of your deposit or 1 Crore, which ever is lower. (*

NA

Not allowed

Not Allowed

Maximu m Overdraf t against FCNR deposit is 70% of FCNR or 1 Crore, whichev er is lower )

Tenure
Minimum tenure- 12 months (and in multiples of 3 months thereafter) Maximum tenure 120 months

Min. 1 year Max. 10 years

Min. 7 days Max. 10 years

Linked to the deposit

Linked to a Saving s/ Current Accou nt

5 years

Taxation
Interest earned is exempt from Tax (i.e. Tax free) Interest is taxable under Indian Income Tax Interest is taxable under Indian Income Tax Act Interest earned is exempt from Tax (i.e. Tax free)

NA

NA

Foreign Currency Non-Resident Deposits Currency

RupeeMax

6 foreign currencies - US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars

6 foreign currencies - US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars

Purpose
Deposit in foreign currency protecting you from exchange rate risks Forward cover product that converts your FCNR FDs in INR at a predetermined fixed rate.

Repatriation
Principal and interest fully repatriable Repatriate proceeds on maturity

Taxation
Tax exemption on entire deposit -

Joint holder
Can be held jointly with other NRI customers Available for FCNR FDs held jointly.

Tenure
Min. 1 year Max. 5 years Book a forward cover for 1,2 or 3 years

Loan against Fixed Deposits

With HDFC Bank's Loan against Fixed Deposit, you can get an overdraft against your NRE / NRO / FCNR while still retaining ownership. Deposit Type NRE NRO FCNR OD limit 90% of the deposit amount or Rs. 1 Crore per depositor, whichever is lower 90% of the deposit amount

70% of the deposit amount or Rs. 1 Crore per depositor, whichever is lower For interest charged, kindly refer the fixed deposit interest rate. Overdraft facility can be provided to third party as well up to the maximum permissible amount mentioned above.